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's first cross-border anti-austerity protest. >> italy is looking to raise $3.5 billion euros. >> cisco posted better than expected first quarter reports. john chambers sounds a cautious but optimistic note about the u.s. economy. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> hello. welcome to today's "worldwide exchange". >> 40 unions in 23 countries. that's the strikes that are planned across europe today. so if you thought there couldn't be any coordination, there is coordination. >> how are we going to be affected? >> you know, air travel, surprisingly, they have had to have a lot of cancelling due to strikes. >> we're fully at our jobs. there's two hours of it today. let's remind you exactly what's coming up. we'll have updates from beijing throughout the program as the new generation takes the first step towards leadership. >> and we're in london. talk to the ceo of wpp, martin sorrel. >> we discuss japanese banks. >> and the latest on cisco from silicon valley as the network equipment maker warns of slowing growth this quarter and
cisco's earnings? you'll hear those in a moment exclusively from john chambers. see you tomorrow. >>> it is 4:00 on wall street. do you know where your money? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo at the new york stock exchange. the post-election hangover continues on wall street. here's a look at how we're settling out today. we're ending near the lows, in fact, at the lows. down 60 points on the dow industrial average. nasdaq composite, weaker by 20 points. technology one of the laggards here today at 2883. the s&p 500 tonight gave up five points at 1374. we are moments away from quarterly earn from cisco. the company is expected to report a profit for the first quarter of 46 cents a share and revenue of $11.77 billion. let's get to today's market action as we await the numbers. good to see everybody. thanks for joining us. carol, what are you expecting in 2013 under president obama's policies? >> i'm not expecting anything very good, maria. i think that we're going to end up with some sort of a slow down. i think whatever the compromise that en
already forgot. liz: 29 minutes before the closing bell, shares of network equipmentmaker cisco climbing today after reporting first quarter profit jumped 18%. and i will speak to john chambers, and what does he think of the fiscal cliff? so much to discuss with john chambers. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. when we got married. by december 22nd i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. robert: i am robert gray with the fox business brief. of bearish tone on wall street, the markets look into negative territory after the release of minutes from the federal reserve policymaking meeting and president obama's first press conference since his reelection. all thr
car company shocks the auto industry. way sales could suddenly rocket. and does cisco systems have the power to spark a rally today? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, november 14th. i'm angela miles. the market is still hanging in the balance. yesterday there was a modest sell-off in stocks and commodities. wall street appears to be using caution while lawmakers in washington prepare to face off over the fiscal cliff. zynga's cfo is exiting the social gaming company for a senior level position at facebook. zynga is shaking up the management ranks and is backing its 2012 outlook. petitions to save thanksgiving from black friday shopping are popping up on the internet. employees and their families are among the first to sign on. and aaa predicts the number of americans hitting the road to head home for the holidays will rise slightly this season to 43.6 million. todd horwitz of the adam mesh trading group joins us. how are trading volumes going with so much talk about this f
through cisco numbers line by line, the stock is not moving that much. let's go to robert gray for details. >> david, cisco coming in, $11.9 billion up 6% from a year ago. exceed estimate of 11.77 billion. $0.48 per share, two pennies higher than the analyst estimates. and $0.02 above. other benefits o than that but h counts only 12% increase as well. the record results this quarter of revenue growth of 6%. goes on to say operational disciplines enabling them to differentiate in the market. focusing in on the call, david to see in terms of their forecast. david: the ceo of cisco will be on our show tomorrow at 4:00. let's go back to todd for a second, the market likes it after hours, do you? >> i thought they would have a chance, actually pummeled over the last three months. they brought it down to a level. finding some level of support, this would be a reasonable level of support that would probably hold in the earnings would be a downgraded number. david: revenue growth something traders interested in. it beat that mark. >> hi, david. david: and value wealth management cio. david, i want
, two times what republicans were offered last year. is this whole negotiation going nowhere? >> cisco not only surprises the street with a beat but says the u.s. enterprise business is showing signs of improvement. >>> and abercrombie silences the shorts. >> the president is scheduled to meet with a dozen ceos this afternoon to hear their concerns about looming tax increases and spending cuts. 73% of participants in a "wall street journal" ceo council conference said the fiscal cliff is their primary concern. goldman chairman and ceo lloyd blankfein talking about the importance of avoiding the fiscal cliff. he writes there's more than a trillion dollars of cash that is sitting on the balance sheets of u.s. nonfinancial companies with certainty about tax rates, companies will increase their capital expenditures currently at anemic levels contributing to a virtuous cycle of jobs and growth." if there was a disagreement as to whether this is becoming a mainstream story. story of "usa today," a giant cliff and inside a chart of how it will affect people. this is getting real. >> the edito
industrial at least helping it. cisco is a winner. that has been a stellar performer really bucking the trend today. cheryl: nicole, thank you very much. we will see you in 14 minutes. president obama fresh off of his electoral win hosting a dozen chief executives at the white house and a little over two hours from now. he will push for $1.6 trillion of new taxes on corporations and the wealthy in this country. rich edson was up-to-the-minute coverage. what a number the president gave us today. >> $1.6 trillion is the starting point when you consider eliminating the current tax rates reverting back to the bush era or the clinton era tax rates for those earning more than $20,000 per year. capital gains and dividends and other provisions giving you 1.6. the starting point for the administration. john boehner about a year and a half ago stopped about 800 alien dollars worth of revenue through tax reform. republicans won't give a number now but they want tax reform and an overhau overhauled the entirm to generate new revenue. there was talk about this yesterday with treasury secretary commissione
. when you have cisco report a magnificent quarter of tremendous guidance and you hardly get a gain, when you see a stock like home depot headed below where it was when it reported stellar results yesterday you have to accept that earnings alone can't save you. i'm a huge believer that those two names belong on your shopping list as does cramer fave pet smart which reported terrific numbers after the bell today. and you know what i think it will only fit the pattern of home depot and cisco, big rally and then a steady deflation courtesy of our nemesis, fiscal clifford, the big red ink dog. i will have some other -- fiscal clifford. the big red ink dog. listen first, can't make you laugh the all, what's the point? okay? later in the show, stocks of companies that reported better than expected sales and profits and gave you great outlooks not unlike cisco and home depot that have already been hammered. i've got them. okay? and i'm going to give them to you. and they can be picked at under the now new dictum of no pain no gain. you see, funny thing about the way the money management business
. there's been a number of interviews this morning that would lead you to the same place. cisco reporting better than expected first quarter earnings in revenues, but the tech giant expects flat earnings and slower revenue growth for the current quarter. john chambers sees europe getting worse before it gets better, but he says there are signs of improvement in the u.s. economy. >> we want to be the one company that both exceeds expectations and doesn't bring down guidance. so kind of a hint on terms of what we see. it really says we're in the right spots for growth. mobility, byod, the internet of everything, video, all growth areas in terms of opportunities going forward. and we think we're positioned pretty well. >> we've also got some facebook news this morning. toyota recalling nearly three million vehicles worldwide, that includes the prius. this is due to problems with the steering system. the announcement comes a month after toyota recalled more than seven million vehicles for faulty power window switches that are a potential fire hazard. mr. kernen, good morning. >> andrew, 20 se
. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. [ female announcer ] with cisco at the center, [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. . >>> you know, for years, i have been talking about the dangers of obesity. and believe it or not, today i have good news to report. philadelphia has been on the front line of this epidemic, but also recently turned the tide. and childhood obesity is in fact going down. the question is, how did they do it? well, a big part of the answer is right on the corner, the corner store. philadelphia is known for food, after all, known for the philadelphia cheese steak. after all, it is one of the most overweight cities in the country. and especially in a city where poverty and violence are also high, so it is not easily
that it needs to stay competitive. >>> cisco shares are surging after hours following a better that happens expected first quarter earnings report. cisco says earnings rose 18% over the last quarter exceeding $2 billion. after hours trading has the networking company up more than 7%. >>> the san francisco based zynga has lost another senior officer. the move comes with a reorganization of zynga's top management. zynga is best known for its farmville and cityville games. >>> a man has recanted his claims of having sex with a sesame street puppeteer when the man was a teenager. he went on leave from sesame street yesterday when the claim of underaged sex first came to life. the unidentified man now says their relationship was adult and consensual. clash says he is relieved that this quote painful allegation has been put to rest. >>> we are along a small creek in placer county that a long time ago had a healthy salmon run. we'll tell you what's being done that may make that happen again. >> right now i'm tracking the heat and then i'm tracking the rain. it's all headed your way. we'll have det
in the city of seven cisco such as they have in san diego and other places. their very successful. michael is a tremendous resource to help make this a reality. he will be very helpful on the commission. john gallagher, he has contact with hundreds and hundreds of veterans and the city who seek services through the va and the state of california, and brings a unique perspective. and his young gentleman, lee burnett is a great resource because of his connections with the universities and so on. there is another seat that will be opening up; i'm sure the committee is aware of it, it is not open now. because of his resignation. some of the other qualified candidates will have opportunity in the future. >> supervisor kim: thank you for being here again. >> my name is dottie -- i am in the seven cisco affairs commission, also work in the oakland center. i have nothing else to say because they took out all of the words from my mouth. michael -- and lee burnett, would be perfect additions to the commission. >> supervisor kim: thank you commissioner. >> thank you. my name is john -- and m
the market and impact your money this week. earnings reports are out from home depot, wal-mart and cisco. cisco was downgrade on friday. monday, veteran's day is observed. the bond market and will be closed. and we will get retail sales numbers for october. a sign of how well the consumer is doing and consumer price number. and on thursday the consumer price index which measures inflation for consumers. if you were planning to watch football after thanksgiving dinner this year, you may want to reconsider. wal-mart says it will kick off the holiday sales rush at 8 p.m. on turkey day this year. the world's largest retailer is betting on the eagerness of consumers to spend big this season. a critical time of the year for what amounts to a quarter of wal-mart's annual sales. >>> we may have to rename black friday. that will do it for us. thank you for joining me. join us next week. we will be talking about america's energy source, natural gas, fracking than environment. each week keep it here where wall street meets main street. i will so see you next weekend.
see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> welcome back. the 2012 election is barely over. would you believe political junkies are wondering who may be running for president in 2016? paul steinhouser takes a look at the names being whispered in political circles. paul? >> reporter: susan, call it the never ending campaign. when one election ends, the next one begins. >> i have just called president obama to congratulate him. >> i just spoke with governor romney and i congratulated him and paul ryan on a hard fought campaign. >> repor
we will get the latest profit report from cisco. we will have a preview coming up countdown to the closing bell. >> welcome back. i'm robert gray with your fox business earnings preview. cisco systems reporting earnings today after the closing bell. take a look sat the shares. -- take a look at the shares. very little change in today's session, in fact completely flat at the moment. shares of the company down more than 11% over the past year. for the company's fiscal first quarter analysts are expecting earnings of 46 cents per share on revenue of 11.77 billion dollars. investors should be watching for the effects of slowing global economies that has hit cisco's bottom line in past quarters plus revenue growth. watch revenue growth which like margins we have seen it declining over the past few quarters. finally, watch out for a possible dividend increase this quarter. liz claman will be interviewing john chambers, the chairman and ceo of cisco tomorrow afternoon in the 3:00 p.m. hour. don't miss full coverage of ternings report in -- of the earnings report in less than half
the latest on that coming up. >> two big and exclusive interviews coming up. cisco ceo coming with me on the show as soon as earnings come out. that will be at the top of the next hour. and nyse ceo with us giving us an update two weeks after sandy historically closed sandy for two days. >> still a miracle they got things open when they did. we're oall following the latest in the general petraeus scandal. unbelievable twists, even today. we have a roreport from washington. then, more on how this story is shedding light on how anything you write can be accessed. pretty scary stuff and something to think about. >> really. in the markets right now, fractional gains right now. the dow jones industrial average off the best levels of the afternoon, but still showing a gain of about 17 points. looks like investors wait and see until we get some solutions on the fiscal cliff. nasdaq is negative by a fraction. down about four points. off of the worst levels, by the way. s&p 500 is up about 3 3/4 points at 1383. >> in today's "closing bell" exchange, we have carol roth, bruce mccain, and our ow
's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> conversation i look forward to every sunday because it always looks real. one side still celebrating. let's talk politics and look ahead to what tuesday's election means. earlier i called you will granderson. i don't know what i was thinking. you guys are morphed into one person. l.z. a writer for espn. let's look at some numbers here. president obama got more than 90% of the black vote. 70% of the asian and latino vote. also got a much smaller 39% of the overall white vote. if democrats can win the white house with less than 40% of the white vote. is the gop going to have to change it
heart in santa and cisco with someone special. -- san francisco with someone special. our first look out is here at buena vista park, a favorite with couples and dog walkers. both have a significant force. a refreshing retreat from urban life. the romantic past that meander up and down the park under pines and eucalyptus. hang out in this environment and you might see butterflies it, fennel, and then the lines. -- dandelions. is ada accessible. public transit is plentiful. we have conquered the steps, we have watched the dogs, and we have enjoyed a beautiful view. this is a place to take someone special on a romantic stroll and enjoyed a beautiful look out. welcome to corona heights located in the heart of this district. it offers a view of the downtown skyline, the bay bridge, and the east bay. it is one of the best kept secrets in the city. it is hardly ever crowded. on any given day, you will run into a few locals. , bought a 37 bus to get there without any parking worries. for legged friends can run freely. there is also a patch of grass for the small box. >> it is a great place. it
station in sylvan avenue. call train said service will not be interrupted. the and san is cisco report says concrete was taken to the eastern span. the new span is scheduled to on by the end of next year. >>> coming up, we will tell you what is happening overseas that is making investors on wall street feel a little better. and we will tell you what movie is number one at the box office. stay tuned for more news weather and traffic. . >>> the stocks are mixed in light trading today after last week's big sellout and there is still concern about the potential big battle. the dow jones industrial average is up and the nasdaq is up slightly and the s&p 500 is flat. >>> lawmakers in greece have approved an austerity measure after deep spending cuts nearly passed parliament. they will discuss whether greece has met conditions for bailout funds that have been blocked since june. they say the country could run out of money by the end of the week unless the funds are released. >>> double 07 number one at the box office, it had a record for a james bond movie. and flight or go and taken two roun
with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >> helping families pick up the pieces from sandy. fema is accused of dropping the ball. private workers and supplies are flooding in to help our fellow americans devastated by the super storm and it could help rebuild the entire economy . how so? >> i think there are examples of this in the past. the size of the storm predicts how quickly you can recover . hugo that hit south carolina some years ago, the recovery that came back was stronger than the economy there before . replacement of older things and new investment made in the area to bring the area back. that encouraged the economy. economic affects were more positive than negative when it happened. that happened and apparent lie happening now. enough services to recreate long island and new jersey and it is going to take time to do this, of course and median affect is bad but ultimate affect is good. >> tracey we talked about the hom
-- it fell 1.4% today at a three and a half month low. internet networking gear maker cisco systems was among those leading the way lower. it fell 2.2%. cisco is due to report earnings next week, giving investors a peak into its turnaround effort and corporate tech spending. the holiday sales may be starting earlier than ever this year, but some retailers, they've seen investor sales hit their stock prices. kohl's and coach target different types of shoppers, but both suffered stock drops. coach fell 5.3%. coach's business has been helped by its stores in china. a new set of communist leaders are expected to be announced in china in the coming days. meantime, kohl's fell 5.1%, despite better than expected quarterly results. it's holiday forecast was a little shy of expectations. consumer giant disney can credit its media business for helping grow its bottom line in the latest quarter. earnings matched estimates at 68 cents per share. it has turned in quarterly double-digit earnings growth for more than a year, thanks to its cable tv business like espn and its theme park operations. the stock
quarter, doing well, getting respect. may i add cisco reported a good number today and it is going to help broadcom which is going to thi be pulled down. i need to go to dave in california. >> booyah from sunny california. >> i'm into high yield dividends and paying stocks. >> we like that one very much. he has a 5% yield. you don't get as much in return. i got to tell you, i think that stock is real good. let's go to will in new york. will? >> how you doing? >> real good, how about you there, chief? >> not too bad. i want to ask you about -- it released earnings last week. wal-mart says it sells great in stores. it is getting nothing but good press. the market beats the stock up. but could the stock be in for a second wave? >> first of all, it hasn't been concussed yet. second it is not a major league stock. it is the wrong stock for thissthi thiss thissenvironment. >> susan. >> how do you feel about exel? >> i like it. and by the way, another one of -- another one of our specks, nice move today. remember, i am in favor of speculation and in one small piece of your portfolio. and that is
for the companies windows 8 has left the company. cisco unchanged but the stock is trading slightly higher. beating targets on revenue and earnings. and the stock market struggling, but the moneyymoving out of stocks back into the debt market pushing prices hgher. the 10-year yield down to a 1.59%. getting a better understanding of the constituents, back in waington in session with a long list of chores. none more pressing than dealing with a fiscal cliff of the benghazi investigion. joining us now, host of "huckabee" on the fox ne channel. and author of the brand-new book. it is great to have you here. congratulations on the new book. >> thank you, thought we needed something other than politics for a while. what do we have? like e song by the who, meet the new boss, same as the old boss. lou: i cling to those politics so desperately here. your reaction to the fact the smartest man in the military was there, turned out to be head of the cia, the dumbest spy we ever had. >> not a good week for spies. when you add to the drama of general allen and t ever-expanding scandal, it is tragic for their fam
-based company-- they earned 18% more in their first quarter than last quarter. cisco made $2.1 billion profit. cisco is one of the dow stocks. facebook shares are now down. there is a lock up. and 777 million shares. things are currently at 1.3 million shares. the financial companyzynga is joining facebook. we actually had a drop retail sales in the month of october by 0.3%. >>president obama will make his first comment about the federal investigation involving the former cia agent. lawmakers are going through the mails to see if anything was threaten national security. he was having an affair with his best-she sent harassing e- mail us at officials stated that this woman jill in turn traded these e-mail's with general john allen. this may be a another inappropriate relationship. >>it is now 6 05 a.m. and will be right back. >>let's take a live look at our roof tam. there're high clouds here overlooking ed a very nice day. ;x >>at live look at walnut creek. traffic is moving smoke. temperatures are at 47 degrees currently and we are looking for 66 degrees. it will be at high of 71 degrees aro
. the sole winner among dow industrial stocks was cisco systems. the internet equipment maker fought the weak market all day thanks to its surprisingly strong quarterly financial results. shares jumped 4.8% on heavy volume. financial results from other tech bellwethers have been less than stellar, so cisco's better than expected earnings were greeted with some relief, even though it warned its european business will continue to be a drag. other big stocks in the dow, were falling hard. bank of america down 3.6%. general electric falling 3.2%. home depot was at more than a decade high yesterday. today, some profit taking, down 3%. while there were fewer buyers an sellers for most stocks, retailer abercrombie and fitch saw buyers rush in, pushing the stock up above $40 per share for the first time since may. third quarter earnings were much better than expected. abercrombie earned $.87 per share, almost 50% more than anticipated. better inventory control met fewer sales, coupled with strong sales in scandinavia and china. here's that stock pop, up 34.5%. volume soared to 16 times in average pac
federation predicts shoppers will spend 400s oodz that is a tad early. >> cisco acquires a cloud software company. >> we're wlif today's after the bell report. >> good afternoon. you want to start with dell, appearing to be hitting dell pretty hard. the numbers heading in the wrong direction. still, $13.7 billion. and that is down 47%. the forecast callscthck for gro, it expects economic environment to remain powerful. zynga losing it's treasurer to become twitter's treasurer and vp of corporate finance. this two days after the cfo left for facebook. half a dozen others have also left. and john mcafee insisting he's innocent he is on the run in the central american country telling "wired" magazine he believes the government in belize is corrupt and will do anything to find him. >> i don't know what the end game is. it's given enough time they will prak me down. very to ee. i have to have supplies. and i'm using a telephone they'll figure out which phone to get it. you know? it's just time. >> he is wanted for questioning in the murder. police say he's a person+:uh of interest. cisco focu
depot, walmart and cisco. cisco cast co was downgraded friday. banks closed monday. on wednesday, we get the open market committee's latest meeting. we will also get the retail sales numbers for the month of october, a sign of how well the consumer is doing. and the producer price index out next week, a measure of inflation on goods produced. thursday, we get the consumer price index, which measures inflation for consumers. >>> and finally, if you were planning on watching football after thanksgiving dinner this year, well, you may want to reconsider. walmart says it will kick off its holiday sales rush at 8:00 p.m. on turkey day this year. the world's largest retailer is betting on the eagerness of consumers to spend big this holiday season. a critical time of the year for what amounts to a quarter of walmart's annual sales. >>> we may have to actually rename black friday. that will do it for us today. thank you so much for joining me. join me next week. we'll be talking about america's crucial and plentiful energy source. natural gas, fracking, and the environment. each week keep it he
vry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ ♪ just put a little bit of yourself ♪ ♪ in everything you do ♪ [ female announcer ] add your own ingredients to hamburger helper for a fresh take on a quick, delicious meal. it's one box with hundreds of possibilities. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. en >> jennifer: for a our visit to crazytown tonight, we head over to fox news election senator. karl rove demanding a recount, and that sent anchor megyn kelly on a journey for the truth. >> watch your step. >> thank you. i don't want to fall in front of these millions of people. >> we used to keep them right here for us in the studio and the
Search Results 0 to 49 of about 314 (some duplicates have been removed)